Interest rates.

• pix83

  2 Sep 05, 02:00

  Hi all ,
  
  Doesn any1 know the market interest rate for COE cars at the moment???
• the Bear

  2 Sep 05, 02:03

  mine is exactly 2.5% simple interest..
  
  $1000 interest on $20,000 loan for 2 years
• pix83

  2 Sep 05, 02:09

  eh?? sure?? COE cars interest rate only 2.5%>>>???
  gosh the last time i heard was like around 3.75%...
• the Bear

  2 Sep 05, 02:11

  simple interest...
  
  if you calculate the effective rate, it's actually higher
  
  do the math.. sometimes it's misleading